Apple 1 fetches $905,000 at auction in New York

By Park Sae-jin Posted : October 23, 2014, 16:47 Updated : October 23, 2014, 16:47

 

The original Apple Computer, also known as the Apple 1 which was released 38 years ago, sold for US$905,000 (approximately 950 million won) at Bonhams auction house in New York on Wednesday (local time), according to media reports.

The price for the Apple 1 smashed its pre-sale estimate of $300,000-500,000.

The Apple 1 was designed and hand-built by Apple Computer Co.'s (now Apple Inc.) co-founder Steve Wozniak, reports say. His friend Steve Jobs had the idea of selling the computer, Apple's first product. 

About 50 units were produced on orders from a home appliance retailor, named "Bite Shop" and they went on sale at a price of $666.66 per unit, they say. Later, 150 more units were produced and all but less than 50 were sold.
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